Royal Bank of Canada Has $2.95 Million Holdings in Versant Corporation $VSNT

Royal Bank of Canada increased its stake in shares of Versant Corporation (NASDAQ:VSNT) by 2,660,066.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,805 shares of the company’s stock after buying an additional 79,802 shares during the quarter. Royal Bank of Canada’s holdings in Versant were worth $2,954,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Citizens National Bank Trust Department acquired a new stake in Versant in the 1st quarter valued at $26,000. Root Financial Partners LLC acquired a new position in Versant during the first quarter worth $28,000. Parallel Advisors LLC acquired a new position in Versant during the first quarter worth $32,000. Advocate Investing Services LLC acquired a new position in Versant during the first quarter worth $33,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Versant during the first quarter valued at $35,000.

Versant Price Performance

Versant stock opened at $39.65 on Friday. The business’s fifty day moving average is $37.25 and its two-hundred day moving average is $37.02. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.38 and a current ratio of 2.38. The firm has a market cap of $5.50 billion and a P/E ratio of 11.39. Versant Corporation has a 52 week low of $27.17 and a 52 week high of $59.00.

Versant (NASDAQ:VSNT) last announced its earnings results on Thursday, August 6th. The company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.10. The business had revenue of $1.64 billion during the quarter. Equities research analysts forecast that Versant Corporation will post 4.04 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on VSNT shares. TD Cowen boosted their target price on shares of Versant from $35.00 to $39.00 and gave the company a “hold” rating in a research note on Friday, August 7th. Arete Research upgraded shares of Versant from a “sell” rating to a “neutral” rating and set a $40.00 price target on the stock in a research report on Friday, July 17th. Seaport Research Partners reaffirmed a “buy” rating and set a $46.00 price objective on shares of Versant in a research note on Monday, May 18th. Zacks Research raised shares of Versant from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. Finally, The Goldman Sachs Group raised their price objective on shares of Versant from $37.00 to $42.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $43.20.

Versant Profile

Versant Corporation is a provider of data management software. The Company designs, develops, markets and supports database management system products that companies use to solve data management and data integration issues. It also provides related product support, training and consulting services to assist users of the Company’s products in developing and deploying software applications based on its products. The Company’s Versant Object Database product is used primarily by enterprises, which have data management requirements, such as technology providers, telecommunications carriers, Government defense agencies, defense contractors, healthcare companies and companies in the financial services and transportation industries.